Can I retire at age 53 with 2,540,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$209,751$207,882$206,060$204,280$202,543$197,008
2 years$103,837$101,903$100,029$98,212$96,449$90,913
3 years$68,537$66,595$64,725$62,925$61,191$55,827
4 years$50,891$48,954$47,103$45,334$43,642$38,491
5 years$40,305$38,381$36,554$34,821$33,176$28,253
6 years$33,251$31,341$29,541$27,847$26,251$21,560
7 years$28,214$26,320$24,549$22,894$21,349$16,891
8 years$24,438$22,561$20,819$19,205$17,711$13,483
9 years$21,503$19,643$17,932$16,359$14,915$10,914
10 years$19,156$17,315$15,633$14,101$12,709$8,928
11 years$17,237$15,414$13,763$12,272$10,930$7,365
12 years$15,639$13,835$12,215$10,765$9,472$6,115
13 years$14,288$12,503$10,913$9,503$8,259$5,104
14 years$13,131$11,365$9,805$8,436$7,240$4,279
15 years$12,129$10,382$8,853$7,524$6,375$3,599
16 years$11,253$9,525$8,026$6,737$5,634$3,037
17 years$10,481$8,772$7,304$6,053$4,996$2,568
18 years$9,796$8,106$6,667$5,455$4,442$2,176
19 years$9,183$7,513$6,104$4,929$3,959$1,847
20 years$8,633$6,981$5,602$4,464$3,536$1,570
21 years$8,135$6,503$5,152$4,051$3,165$1,337
22 years$7,683$6,070$4,749$3,684$2,837$1,139
23 years$7,272$5,677$4,385$3,355$2,546$971
24 years$6,895$5,319$4,055$3,060$2,289$829
25 years$6,549$4,992$3,756$2,794$2,059$707
26 years$6,229$4,691$3,483$2,555$1,855$604
27 years$5,934$4,415$3,235$2,339$1,673$516
28 years$5,661$4,160$3,007$2,143$1,509$442
29 years$5,407$3,925$2,798$1,965$1,363$378
30 years$5,170$3,707$2,606$1,803$1,231$323
31 years$4,949$3,504$2,430$1,656$1,113$276
32 years$4,743$3,315$2,267$1,522$1,007$237
33 years$4,549$3,140$2,117$1,400$911$203
34 years$4,367$2,976$1,978$1,288$825$173
35 years$4,195$2,822$1,849$1,185$747$148
36 years$4,034$2,679$1,730$1,092$677$127
37 years$3,882$2,544$1,619$1,006$614$109
38 years$3,738$2,418$1,516$927$556$93
39 years$3,602$2,299$1,421$855$505$80
40 years$3,473$2,188$1,331$789$458$68
41 years$3,350$2,082$1,248$728$415$59
42 years$3,234$1,983$1,171$671$377$50
43 years$3,123$1,890$1,099$620$342$43
44 years$3,018$1,801$1,032$572$310$37
45 years$2,918$1,718$969$529$282$32
46 years$2,822$1,639$910$488$256$27
47 years$2,731$1,564$855$451$232$23
48 years$2,643$1,493$803$417$211$20
49 years$2,560$1,425$755$385$192$17
50 years$2,480$1,362$710$356$174$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,540,000, adding $5,250 every year, while hoping to spend $53,084 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 51/24/25 Blend
52$2,540,000$2,540,000$2,540,000$2,540,000
53$2,804,495$2,669,875$2,630,505$2,927,616
54$3,034,073$2,744,218$2,662,146$3,088,002
55$3,285,288$2,820,425$2,693,068$3,256,493
56$3,560,292$2,898,530$2,723,191$3,438,630
57$3,861,454$2,978,570$2,752,429$3,635,731
58$4,191,381$3,060,579$2,780,695$3,849,247
59$4,552,947$3,144,592$2,807,893$4,080,778
60$4,949,315$3,230,645$2,833,925$4,332,085
61$5,383,969$3,318,771$2,858,685$4,605,109
62$5,860,748$3,409,004$2,882,065$4,901,985
63$6,383,878$3,501,379$2,903,948$5,225,069
64$6,958,015$3,595,928$2,924,212$5,576,955
65$7,588,288$3,692,684$2,942,728$5,960,500
66$8,280,347$3,791,679$2,959,363$6,378,852
67$9,040,414$3,892,943$2,973,973$6,835,480
68$9,875,345$3,996,506$2,986,410$7,334,207
69$10,792,693$4,102,397$2,996,518$7,879,243
70$11,800,777$4,210,644$3,004,130$8,475,230
71$12,908,763$4,321,273$3,009,076$9,127,282
72$14,126,750$4,434,308$3,011,173$9,841,032
73$15,465,862$4,549,773$3,010,231$10,622,690
74$16,938,357$4,667,688$3,006,050$11,479,099
75$18,557,737$4,788,073$2,998,421$12,417,798
76$20,338,882$4,910,945$2,987,124$13,447,099
77$22,298,184$5,036,317$2,971,928$14,576,157
78$24,453,704$5,164,201$2,952,593$15,815,065
79$26,825,341$5,294,607$2,928,864$17,174,943
80$29,435,022$5,427,539$2,900,478$18,668,047
81$32,306,907$5,563,000$2,867,156$20,307,885
82$35,467,612$5,700,989$2,828,607$22,109,342
83$38,946,470$5,841,499$2,784,527$24,088,821
84$42,775,798$5,984,520$2,734,597$26,264,402
85$46,991,207$6,130,039$2,678,482$28,656,008
86$51,631,934$6,278,034$2,615,835$31,285,598
87$56,741,215$6,428,482$2,546,290$34,177,371
88$62,366,691$6,581,350$2,469,463$37,357,994
89$68,560,860$6,736,602$2,384,956$40,856,861
90$75,381,565$6,894,193$2,292,350$44,706,362
91$82,892,549$7,054,073$2,191,207$48,942,196
92$91,164,048$7,216,182$2,081,072$53,603,704
93$100,273,458$7,380,452$1,961,465$58,734,246
94$110,306,065$7,546,808$1,831,888$64,381,604
95$121,355,846$7,715,164$1,691,819$70,598,441
96$133,526,359$7,885,424$1,540,712$77,442,793
97$146,931,720$8,057,482$1,377,998$84,978,622
98$161,697,676$8,231,219$1,203,081$93,276,417
99$177,962,795$8,406,505$1,015,341$102,413,865
100$195,879,773$8,583,197$814,128$112,476,579